Oil rose sharply on bullish demand expectations
Oil rose sharply on bullish demand expectations
International benchmarks for crude oil jumped higher on Tuesday, 15 June 2021 after a group of dominant traders expressed expectations that prices could hit $100/barrel amid the recovering demand and the lack of new investments that tighten supply.
Brent for August delivery jumped $1.13 to $73.99/barrel.
WTI for July settlement rose $1.24 to $72.12/barrel.